CMA to Give MBA Students Internships
The Capital Markets Authority (CMA) will from May be giving internship opportunities to Master of Business Administration (MBA). The continental exclusive package is open for African students studying MBA in different Business School around the world. The leadership development programme is a partnership of CMA and The Tony Elumelu Foundation in…
Various Parties to Rake in Millions from KQ Rights Issue
The highly publicised Kenya Airways rights issue has an expense budget of Ksh 620 million. This budget is meant to foot the bill for various transactions pertaining to the success of the rights issue offer. The Ksh 20.6 billion rights issue opened on 2nd April 2012 and closes on 26th…
Of Fuel Price Increases and the Effects on Inflation
In a statement released by the Energy Regulatory Commission, the pump price of Super petrol in Nairobi has increased by Kshs. 6.81 to Kshs. 118.50 per litre. Diesel prices increased by Kshs. 3.67 to Kshs. 108.8 and Kerosene by Kshs. 2.81 to Kshs. 86.28 (read more on this story…
Trends in Fuel Pump Prices
Did you know that the Energy Regulatory Commission (ERC) has increased fuel pump prices twelve (12) times ever since it begun regulating pump prices 17 months ago. ERC attributes the rise in fuel prices to the ever increasing international price of crude oil and refined petroleum products. The…
The Sure Way to Combat Impulse Spending
I am sure we are all victims of impulse buying: you see something along the streets, you fall madly in love with it, buy it, a month down the line, you lose absolute interest in it and keep it aside, never to be used again. Impulse…
Matatu Fares Set to Shoot Up
Passengers boarding a Matatu (Photo: IBJ) Bus fares in the country are set to go up starting Monday due to the increased prices of fuel. This is going too affect public transport and the cost of transportation of commodities. Matatu operators say they are going to increase fare prices…
Stocks Watch
As at the close of business on Friday, the NSE All-share index had fallen, by 0.1% to close at 74.37. This is a market cap weighted index consisting of all the securities on the NSE. The Nse 20-share index on the other hand rose by 0.06% to close at 3,456.35…
A Billion Shillings in One Year's Salary
According to Yahoo! the CEO of Goldman Sachs Mr. Lloyd Blankfein received a pay package of $16.2 million in 2011 despite a sharp decline in profits and share price during the year. Blankfein’s pay boost includes stock awards from previous years that vested in 2011, and therefore does…
Petrol Stations Run Dry
Most fueling stations in Nairobi supposedly ran dry last night as most motorists rushed to fill up their tanks before the new fuel prices take effect by midnight. Most motorists had to drive long distances in search of this precious commodity. The question that comes to…
Fuel Prices Shoot Up
In a statement released by the Energy Regulatory Commission, the pump price of Super petrol in Nairobi has increased by KES 6.81 to KES 118.50 per litre. Diesel prices increased by KES 3.67 to KES 108.8 and Kerosene by KES 2.81 to KES 86.28 The ERC attrubuted the new prices to…
The Energy of Money
Here is a thought for your Sunday, on the energy of money. Try this exercise. Take out a banknote and hold it for a moment. Imagine everywhere this banknote has been, and everywhere it will be going. Think about the people who have held it, and what they have used…
Closing Bell 13/04/2012
Gainers Price Change East African Portland Cement Company Limited 60.00 7.14% Eveready East Africa 1.60 6.67% TPS (Serena) LImited 48.75 5.98% Rea Vipingo Plantations Limited 15.90 5.65% Standard Group Limited 22.75 3.41% Losers Price Change Uchumi Supermarket Limited 13.90 5.12% British American Investments Company…
Money Talk Friday – The Mob Psychology in Spending HELB loans
Loans are never a welcome thing, especially when it comes to repaying them. I want to talk to those in campus right now, specifically public universities. Those who access HELB as it is famously known. It is a loan from The Higher Education Loans Board. Let me remind…
Fraud Cases Increase at the NSE
According to the Capital Markets Authority (CMA), the Capital Market Fraud investigation Unit (CMFIU) reported having handled 460 cases of economic and cyber crimes compared to 390 cases the previous year. This is a 20% rise in fraud cases even as the anti-fraud unit continued to make recoveries of…
The Fear of Missing Out (FOMO)
When I was in primary school, I had a serious case of FOMO. Coming from a strictly religious home, certain programs such as WWF were strictly prohibited in our house. I’d go to class and find all my classmates talking about a certain wrestler on WWF that they…
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